murthyonline

NIFTY Channel - 2 months continued...

NSE:NIFTY   Indeks Nifty 50
As mentioned in the earlier post with comments. the price entered inside the pattern (coloured area) just like the first
wing and started falling. It can fall till it gets out of the pattern once more (most probably) and give a mild side
ways move with upward limited bias and start falling towards the bottom channel. The dates mentioned in the first
post now changed to more probable dates (as timing the market is not easy).
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